![]() Since 2015, Frerichs’ office has returned more than $1.6 billion in unclaimed property, a record setting amount since the program was established in 1961. Illinois holds more than $3.5 billion in unclaimed property. ![]() In Illinois, the state treasurer is tasked with safeguarding unclaimed property, such as the contents of overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. ![]() Illinois’ unclaimed property program - also known as ICash - is one of the state’s oldest consumer protection initiatives. “Now, thanks to Abe the chatbot, anyone who visits ICash during off-hours can ask basic questions and get helpful responses.” As a result, those hours are not a convenient time for them to visit the ICash website or ask questions about unclaimed property,” Frerichs said. “Many people work, go to school, or fulfill other responsibilities during typical business hours. I remember being told it would take awhile to process. After only getting delivery occasionally I cancelled delivery and requested a refund. Years ago we subscribed to the Sunday only Pantagraph. If an uncashed check (also called an escheated warrant) is located, the check replacement process can also be. Illinois Treasurer Michael Frerichs needs new authority to fine any business that sends your money to the State instead of refunding it directly to you. Identify your properties and provide your contact information online. You may have to search a couple of different ways (full name, last name only, etc.). Enter your name and city in the search fields. This application allows taxpayers to learn whether they can claim an uncashed check worth more than 5, issued within the last ten years. Visit /ICASH and click on the I-Cash link. Capable of responding in English or Spanish, Abe provides an interactive way for people to obtain information when they ask short, simple questions about unclaimed property. Every year, thousands of state checks payable to taxpayers go uncashed. “Abe,” the automated chatbot, is available to anyone visiting the ICash website during and outside of normal business hours. “Many people have no idea that they have unclaimed property waiting for them, so we are glad that friends and relatives now can lend a hand in telling them.” “The share function on ICash serves as an additional tool to help our office return unclaimed property,” Frerichs said. Then, that individual can start the process of retrieving the property. Frerichs’ office then will notify the individual by sending an email that mentions the unclaimed property, along with the name of the friend or relative who spotted it. Whenever visitors to the ICash website come across the name of someone they know, they can select the “share” icon and provide the email address of their friend or relative. Through the Friends and Family “share” feature on ICash, anyone can help the treasurer’s office connect with individuals whose names appear in the unclaimed property database. ![]() The ICash website ( is a searchable database where people can check for unclaimed property. The average paid claim is $2,900.One of Frerichs’ responsibilities as state treasurer is to safeguard unclaimed property that is reported to his office. Join State Representatives Jeff Keicher and Dan Ugaste in conjunction with the Illinois Treasurers Office, for an ICash event. To search the unclaimed property database, go to One in four searches results in finding unclaimed property. The funds are kept and are available to be distributed to the rightful owner or heir. For example, if you are the owner of the property, please select ‘Owner’ if you are an. Select your ‘Relationship to Owner’ for each property you are claiming. This should include your current mailing address as it will be the address where the funds are mailed. If the property goes unclaimed for ten years, the items are auctioned. Complete your information as the claimant. The Illinois State Treasurer’s office holds more than $2 billion of unclaimed property including lost bank accounts, contents of safe deposit boxes, and proceeds from unclaimed insurance policies of deceased individuals. Items which did not meet a pre-determined minimum bid will be available for future auctions. gold bar that sold for $4,850 and an 1856 Flying Eagle Penny that sold for $9,000.Īll auction items had been appraised prior to the August 20 auction. Proceeds from the auction totaled $171,550.Īuction items of note included a $1,000 bill that sold for $2,200 Ernie Banks and Al Kaline rookie baseball cards that sold for $600 a 4.36 oz. Frerichs has reported that the Auglive auction of unclaimed property drew more than one hundred bidders from across the United States.
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